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Google faces $5 billion lawsuit in U.S. for tracking 'private' internet use

Reuters Business News - Tue, 06/02/2020 - 20:04
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in "private" mode.
Categories: Reuters

U.S. FAA chief to testify at Senate hearing on Boeing 737 MAX

Reuters Business News - Tue, 06/02/2020 - 20:03
U.S. Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.
Categories: Reuters

Wells Fargo stops giving loans to most independent car dealerships

Reuters Business News - Tue, 06/02/2020 - 20:02
Wells Fargo & Co will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by the COVID-19 pandemic, a spokeswoman said on Tuesday.
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Tech advocacy group's lawsuit says Trump's order on social media is unconstitutional

Reuters Business News - Tue, 06/02/2020 - 20:01
An advocacy group backed by the tech industry sued President Donald Trump on Tuesday over his executive order that would weaken a law protecting online platforms including social media companies that label or fact-check his posts.
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After Facebook staff walkout, Zuckerberg defends no action on Trump posts

Reuters Business News - Tue, 06/02/2020 - 20:00
Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest.
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Oil hits three-month high over hopes for output cuts

Reuters Business News - Tue, 06/02/2020 - 19:42
Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic.
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Asian stocks set to gain as stimulus hopes support risk appetite

Reuters Business News - Tue, 06/02/2020 - 19:11
Asian stocks were poised to follow the global rally on Wednesday as hopes of more government stimulus bolstered riskier assets and overshadowed a host of other worries from the coronavirus to Hong Kong and growing U.S. civil unrest.
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Zoom nearly doubles revenue forecast on remote-work boost, but costs rising

Reuters Business News - Tue, 06/02/2020 - 19:09
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.
Categories: Reuters

Twitter names ex Google CFO Pichette as chair, Kordestani to stay on

Reuters Business News - Tue, 06/02/2020 - 18:39
Twitter Inc on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network's board chairman, marking the first time in Twitter's history that an outsider will preside over the group.
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Wall Street closes up on signs of economic rebound

Reuters Business News - Tue, 06/02/2020 - 17:43
A late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery.
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Google is sued in U.S. for tracking users' 'private' internet browsing

Reuters Business News - Tue, 06/02/2020 - 17:09
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by tracking their internet use from browsers set in "private" browsing mode.
Categories: Reuters

Rental fleet collapse drags down U.S. vehicle sales

Reuters Business News - Tue, 06/02/2020 - 17:00
The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.
Categories: Reuters

Zoom doubles forecast for full-year revenue on remote-work boost

Reuters Business News - Tue, 06/02/2020 - 16:41
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.
Categories: Reuters

Twitter names ex-Google CFO Patrick Pichette chairman

Reuters Business News - Tue, 06/02/2020 - 16:38
Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani.
Categories: Reuters

Lyft says May rides jump 26% from prior month

Reuters Business News - Tue, 06/02/2020 - 16:31
Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26% in May from the previous month helped by strong growth in cities where coronavirus-induced restrictions have been eased.
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Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns

Reuters Business News - Tue, 06/02/2020 - 16:01
Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.
Categories: Reuters

FAA chief to testify at June 17 Senate hearing on Boeing 737 MAX

Reuters Business News - Tue, 06/02/2020 - 15:50
Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.
Categories: Reuters

Twitter names Patrick Pichette as chair of board

Reuters Business News - Tue, 06/02/2020 - 15:45
Twitter Inc said on Tuesday that it appointed Patrick Pichette as chair of the social network's board of directors, replacing Omid Kordestani.
Categories: Reuters

Zoom doubles full-year revenue forecast on remote-work boost

Reuters Business News - Tue, 06/02/2020 - 15:35
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, riding on a surge in usage of its video conferencing platform due to coronavirus-driven lockdown measures globally.
Categories: Reuters

Equities cruise to three-month highs, dollar under protest pressure

Reuters Business News - Tue, 06/02/2020 - 15:28
World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.
Categories: Reuters
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